Use our Consolidation loan calculator to calculate the expenses of numerous types of consolidation loans. For example, you can use our calculator as a:
For example: Tom’s Bakery wants to consolidate a total of $250,000 in business debt.
Plus he wants to take $50,000 of additional cash out.
Toms new loan amount would be $100,000 + $150,000 + $50,000 = $300,000
By entering Tom’s $300,000 Consolidated Amount, 8% interest rate and 2 year repayment term into the Consolidation loan calculator, we can see Tom would need to pay $3,151 /month for 2 years. This would cut Tom's payment in half easing the financial burden while also providing the much needed cash out to cover other business expenses.
